On the last trading day of 2017, Prima Cakrawala Abadi became the 37th company to make its trading debut on the Indonesia Stock Exchange this year. The company's shares immediately skyrocketed 69.33 percent to IDR 254 a piece, hence triggering the auto-rejection system. For Indonesia it was a great year in terms of initial public offerings (IPOs) on the Indonesia Stock Exchange. There are now 567 listed companies on the Indonesia Stock Exchange.

Read more ›

Vessel guidance, sea freight and maritime services company Jasa Armada Indonesia, a subsidiary of state-owned port operator Pelabuhan Indonesia II (abbreviated Pelindo II), became the 36th company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2017. On Friday (22/12) the company made its trading debut on the local bourse.

Read more ›

So far in 2017 a total of 35 companies have conducted an initial public offering (IPO) on the Indonesia Stock Exchange, the best result in recent history. Meanwhile, Samsul Hidayat, Director of Corporate Listing at the Indonesia Stock Exchange, said one more trading debut is expected to occur before the end of the year, to wit Jasa Armada Indonesia.

Read more ›

Nadiem Makarim, Chief Executive Officer of Indonesian ride-hailing and logistics services provider Go-Jek, expects the company to conduct an initial public offering (IPO) within the next couple of years. Go-Jek, Indonesia's first billion-US dollar tech startup, offers various services to the Indonesian people, including transportation, delivery, lifestyle and payment services.

Read more ›

Shipping company Pelita Samudera Shipping became the 31st company to have completed its initial public offering (IPO) on the Indonesia Stock Exchange in 2017. On Tuesday (05/12) the company made its trading debut and saw its shares rise 11.1 percent from IDR 135 a share to IDR 150 a piece (although earlier during the trading day its shares had peaked at nearly +70 percent).

Read more ›

Despite the "political year" several Indonesia-based securities firms expect to see big appetite from local companies to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. In 2018, Indonesia will see a new round of regional elections (to determine local leaders) across the country. These elections are likely to trigger new political tensions, particularly as the country's legislative and presidential elections are to be held the following year.

Read more ›

State-owned construction company Nindya Karya plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018 as the firm's corporate earnings have improved after its restructuring and revitalization programs. Nindya Karya business involves (1) general contracting, (2) engineering, procurement, Construction (EPC) and (3) realty.

Read more ›

Indonesian mineral mining and processing company Kapuas Prima Coal became the 27th company to list on the Indonesia Stock Exchange in 2017. The company was the top gainer at its trading debut on Monday (16/10) as its shares soared 70 percent to IDR 238 a piece. This increase touched the upper limit hence triggering the automatic rejection system.

Read more ›

While initial public offerings (IPOs) have rebounded in Indonesia this year, the total value of these IPOs is small. This shows that companies are still cautious amid uncertain domestic and global conditions and therefore sell a limited amount of shares at a competitive price.

Read more ›

Garuda Maintenance Facility AeroAsia (GMF AeroAsia), an Indonesian company engaged in the aircraft maintenance repair and overhaul sector, made its trading debut on the Indonesia Stock Exchange on Tuesday (10/10). It was the 25th company that completed its initial public offering in Indonesia in 2017.

Read more ›

On 24 February 2023 Pertamina Geothermal Energy made its trading debut on the Indonesia Stock Exchange (IDX) after concluding its initial public offering (IPO) – in which it sold 10.35 billion shares (which is equivalent to 25 percent of its enlarged share capital, including a 10 percent free float on the IDX) at an offering price of IDR 875 per share.

Read more ›

Indonesia’s benchmark stock index (Jakarta Composite Index, or IHSG) grew 10.08 percent in full-year 2021, a good performance after a volatile and highly uncertain 2020 when the COVID-19 crisis emerged. At around 6,580 points on the first trading day of 2022, the index remains at near-record high territory (with the record being set recently, in mid-November 2021, at around 6,750 points).

Read more ›

Despite the challenging conditions, Indonesian cement producer Cemindo Gemilang decided to offer 2.71 billion shares, equivalent to 15.0 percent of the company’s total shares, to the public through an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). With the IPO price set at the range of 600-800 per share, the cement producer eyes to collect around IDR 1.89 trillion (approx. USD $133 million) through this corporate move.

Read more ›

On Monday 17 June 2019, Bali Bintang Sejahtera (Bali United) became the first football club in Indonesia – reportedly even the first football club in the Southeast Asian region – to conduct an initial public offering (IPO) on the stock market.

Read more ›

In 2018 a total of 57 companies made their trading debuts on the Indonesia Stock Exchange (IDX). To see 57 Indonesian companies conducting their initial public offering (IPO) on the IDX within 12 months only is a remarkable achievement and a significant increase from 37 IPOs in 2017, and 14 in 2016. It is in fact the biggest number of IPOs for Indonesia since the year 1992. Moreover, big appetite for Indonesian companies to go-public in 2018 is particularly remarkable considering there was plenty of uncertainty lurking about in global and domestic markets.

Read more ›

Indonesian construction company Trimitra Propertindo made its trading debut on the Indonesia Stock Exchange on Thursday (23/08). The company is the 33rd company that has completed its initial public offering (IPO) on the local bourse so far in 2018. There are now a total of 597 listed companies in Indonesia.

Read more ›

Madusari Murni Indah, an Indonesia-based company that is engaged in the production of ethanol and carbon dioxide gas (CO2), plans to set its share price in the range of IDR 500 - 600 a piece for its initial public offering (IPO) on the Indonesia Stock Exchange.

Read more ›

On Monday (09/07) three companies made their trading debuts on the Indonesia Stock Exchange. So far this year a total of 26 companies have completed their initial public offering (IPO) on the Indonesia Stock Exchange. And considering there are still almost six more months to go in 2018 - while various IPOs are in the pipeline - it should become a very good year for IPOs in Indonesia.

Read more ›

Indonesian retailer MAP Aktif Adiperkasa made its trading debut on the Indonesia Stock Exchange on Thursday (05/07) after successfully having completed its initial public offering (IPO). The company offered 427.6 million new shares, equivalent to 15 percent of the company's total share capital, to the public at a price of IDR 2,100 a piece, hence raising IDR 897.9 billion (approx. USD $63 million). Indo Premier Sekuritas acted as underwriter for the IPO.

Read more ›

In the already busy initial public offering (IPO) month of May, two more companies were added to the Indonesia Stock Exchange on Wednesday (23/05): (1) Sarimelati Kencana, the operator of the Pizza Hut chain in Indonesia, and (2) Guna Timur Raya, an integrated logistics solutions provider. This brings the total number of IPOs in Indonesia so far in 2018 to 16. In May alone a total of seven companies made their trading debut on the Indonesia Stock Exchange. Thus, Indonesia is on track to set a new record in terms of IPO realizations this year.

Read more ›